New Concept Energy (NYSE:GBR) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of New Concept Energy (NYSE:GBR) in a research note issued on Saturday. The firm set a “sell” rating on the stock.

New Concept Energy Price Performance

New Concept Energy stock opened at $1.07 on Friday. The firm has a market capitalization of $5.49 million, a P/E ratio of -35.67 and a beta of 0.31. New Concept Energy has a 1-year low of $1.00 and a 1-year high of $1.82. The company’s 50-day moving average is $1.18 and its 200 day moving average is $1.20.

About New Concept Energy

New Concept Energy, Inc engages in real estate rental business. The company owns approximately 190 acres of land located in Parkersburg West Virginia. It also provides advisory and management services for an independent oil and gas company. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc in May 2008.